Spain And Uk Finance News Round-up, August 7

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Finance news. Credit: Pavel Danilyuk, Pexels

Services sector

SPAIN’S services assemblage saw its fastest maturation since February, pinch home request driving a crisp jump successful activity successful July, according to S&P Global. The HCOB Spain Services PMI roseate to 55.1 successful July from 51.9 successful June, showing coagulated description . Economist Jonas Feldhusen of Hamburg Commercial Bank said this “reinforces expectations that nan existent maturation trajectory could persist.” With 0.7 per cent GDP maturation successful Q2 and robust manufacturing data, Spain whitethorn outpace nan eurozone this year.

UK minimum wage

ON August 5, nan UK Government announced plans to region “discriminatory” property bands from nan minimum costs system, moving towards a azygous big rate. Business Secretary Jonathan Reynolds said nan alteration intends to guarantee “a adjacent woody for our lowest paid workers” arsenic portion of nan government’s Plan for Change. Could this yet mean adjacent salary for adjacent work, nary matter nan person’s age?

Wallapop sale

SOUTH KOREAN tech elephantine Naver has acquired Spain’s largest second-hand marketplace, Wallapop, for €377 million, arsenic confirmed connected August 5. The move gives Naver afloat power of nan celebrated C2C platform, which boasts complete 19 cardinal monthly users. Rob Cassedy, CEO of Wallapop, told Business Korea, “We will fortify our position successful nan European marketplace by securing differentiated work competitiveness.” Will this shingle up Europe’s second-hand scene?

Lufthansa exits

LUFTHANSA has pulled retired of talks to bargain into Air Europa, leaving Turkish Airlines arsenic nan Spanish carrier’s sole action aft Air France-KLM besides withdrew and IAG was ruled retired arsenic a takeover campaigner by title concerns.

BK-Iberdrola

BURGER KING and Iberdrola España person signed a semipermanent woody for 1,900 GWh of renewable electricity, now powering complete 900 Spanish restaurants. The business includes 348 EV charging points crossed 173 sites, supporting nan chain’s greenish power transition.

Parents struggling

LOQBOX’S 2025 Parents’ Planner reveals 81 per cent of UK parents consciousness financially strained this summer, pinch complete half worse disconnected than past year. Rising holiday, childcare, and schoolhouse costs are pushing much families to trust connected in installments cards.

WFH

NEARLY half of UK businesses now want unit backmost successful nan agency full-time, according to nan British Chambers of Commerce. Despite 9 per cent reporting unit resignations complete inflexibility, galore firms are saying nary to moving from location – immoderate linking it to bonuses.

Data ban

SPAIN’S Data Protection Agency has blocked nan Chamber of Commerce and companies including Camerdata and Informa from trading self-employed workers’ data, citing nary ineligible basis. The AEPD says specified usage violates GDPR transparency rules and must extremity immediately.

Banco Sabadell

BANCO SABADELL has teamed up pinch DXC Technology to make its integer banking services much accessible, particularly for group pinch disabilities. As PR Newswire reports, nan AI-led task is tally from nan bank’s Alicante tech hub and intends to meet Spanish and EU accessibility standards while improving inclusion for its 12 cardinal users.

Gibraltar delisted

GIBRALTAR was officially taken disconnected nan EU’s database of high-risk 3rd countries arsenic reported by an charismatic property merchandise connected August 5, 2025. This follows awesome improvements to its anti-money laundering (AML) and counter-terrorism financing (CFT) systems.

“This is bully for business. It is bully for trade,” said Minister Nigel Feetham KC MP.

MAPFRE soars

MAPFRE AM now manages €39.67 billion, making it Spain’s largest non-bank plus manager. Profits deed €25.95 cardinal successful H1 2025 – up 19.4 per cent. Client assets roseate 4 per cent, driven by €297 cardinal successful nett subscriptions crossed finance and pension funds.

W2M description

W2M has appointed Elena Cabrera – erstwhile Ryanair state head for Spain, Portugal, France, and Morocco – to lead its world growth. She’ll thrust nan Spanish group’s description into markets for illustration Morocco and Central Europe, strengthening its world broadcasting presence.